Fuego Inc., Dallas, has released Fuego for Banking, a business process management system banks can use to adapt to changing operating conditions to improve performance and customer-facing processes.The software allows banks to create, manage, and change processes easily, Fuego said. A number of process templates come bundled with the software, including loan origination, Patriot Act compliance, credit issuance, credit processing, and Sarbanes-Oxley Act compliance. The company announced the product at Thomson’s 6th Annual Mortgage Technology Conference in Miami. Fuego’s website address is http://www.fuego.com.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
April 30 -
A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
April 30 -
The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
April 30 -
The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
April 30 -
The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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